- Language: English
- 64 Pages
- Published: February 2015
- Region: Great Britain, United Kingdom
UK Legal Reports Subscription 2015
- ID: 3317007
- January 2015
- Region: United Kingdom, Great Britain
- IRN Research
The UK legal market is in a period of transformation and this subscription-based research and information service enables you to keep up-to-date and understand these changes and trends. The subscription includes the flagship annual research report on the UK legal market (now in its 5th edition) plus 4 market briefings on the core practice areas, and a special report each year on a topical issue. Plus, the monthly UK Legal Market Trends is the only source bringing together surveys, statistics, and research results on the UK legal sector.
The UK Legal Reports Subscription 2015 covers a wide range of legal sectors and topics, with a firm focus on the United Kingdom. With in-depth analysis of many of the most important topics affecting the UK legal industry today, this subscription guarantees you up to date information at a great price. With new reports published throughout the year, purchasing a subscription ensures that you never miss out on the latest research and analysis on the UK legal sector.
Subscribers to the Legal Reports Subscription 2015 will receive:
- UK Legal Services Market Report - annual market report with half-yearly update
- UK Conveyancing Market Briefing
- UK Wills & Probate Market Briefing (To come later in the year)
- UK Family Law Market Briefing (To come later in the year)
- UK Personal Injury Market Briefing (To come later in the year)
- UK Litigation Funding Market - special market briefing for 2015
Also included in the subscription is the monthly UK Legal Market Trends, which is an update on new surveys, statistics and research reports plus M&A and ABS updates relating to the UK legal services market.
All market briefings include the following information:
- Introduction & Summary
- Market Size and Trends
- Key Players
- Market Trends
- Recent Developments SHOW LESS READ MORE >
Sample Table of Contents - UK Litigation Funding Market
1. Executive Summary
2.1 What is Litigation Funding?
2.2 How it Works
3. Litigation Funding in the UK
3.2 Litigation Funding Market Size
3.3 Legal Framework in the UK
3.5 Litigation Funding Surveys
4. Litigation Funding Drivers and Obstacles
5. High Profile Cases and Business Failures
5.1 High Profile Cases
5.2 Business Failures
6. Major Litigation Funders
6.2 Selected UK Litigation Funders – Profiles
Calunius Capital LLP
Caprica Management Ltd
Harbour Litigation Funding Ltd
Juridica Investments Ltd
Managed Legal Solutions Ltd
Redress Solutions LLP
Therium Capital Management Ltd
Woodsford Litigation Funding Ltd
6.3 Examples of US-based Litigation Funders
7. SWOT Analysis
8. Market Outlook
Sample Introduction - UK Conveyancing Market Briefing
1. Introduction & Summary
This report is primarily about the legal services market associated with residential conveyancing in the UK. Conveyancing is the process of buying and selling property with law firms and solicitors usually involved throughout the process from initial property and land searches through to the signing of the final contracts when a property is sold. Many conveyancers also participate in nonresidential conveyancing which is covered in less detail in this report.
This report provides a review of the residential conveyancing market in UK. The residential conveyancing market is driven by trends in the economy, trends in the residential housing market, trends in demand for conveyancing services and the changing structure of the conveyancing sector brought about by liberalisation of legal services in the UK in recent years. In the last few years, the conveyancing market has witnessed the following key trends:
- The residential property market began to falter in 2007 at the start of the global financial crisis and collapsed dramatically in 2008 and fell again in 2009 before climbing slowly through to 2014 but it is still below the record levels of 2006.
- The subdued conveyancing market saw many large law firms drastically cut their conveyancing teams while many law firms, particularly small firms, exited the conveyancing market completely.
- Between 2009 and 2014 there was a shakeout in the conveyancing market and most of the remaining firms have enjoyed more conveyancing contracts in a market that has grown while the number of conveyancing firms has declined. The number of practising conveyancing firms in England and Wales fell from nearly 9,000 to less than 6,000 between 2010 and 2014 while the total number of property transactions over £40,000 in the UK rose by 34%.
- The conveyancing market is still highly fragmented but large volume providers of conveyancing services increased their share of the market between 2010 and 2012 before falling back slightly in 2013 and 2014.
- The rise of the volume conveyancer is being helped by individuals tightening their belts and looking for lower priced conveyancing services. A strong web presence for many volume conveyancers also means that these brands are picked up more often from search engines.
- As many law firms struggle to make much margin out of conveyancing work, the financial problems for some have been exacerbated by lender panels reducing the number of their law firm members, and referrers (e.g. estate agents) continuing to ask for considerable commission fees.
- In turn, the financial instability of some law firms with a relatively significant percentage of their work in conveyancing has made it difficult for some of these firms to obtain professional